{"id":1935847,"date":"2023-05-22T23:06:44","date_gmt":"2023-05-23T03:06:44","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/mccarthy-says-no-debt-ceiling-deal-yet-despite-improved-tone-after-tensions\/"},"modified":"2023-05-22T23:08:47","modified_gmt":"2023-05-23T03:08:47","slug":"mccarthy-says-no-debt-ceiling-deal-yet-despite-improved-tone-after-tensions","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/mccarthy-says-no-debt-ceiling-deal-yet-despite-improved-tone-after-tensions\/","title":{"rendered":"McCarthy reports no debt ceiling agreement yet, despite improved atmosphere following tensions."},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"float:left\"><div class=\"counts mashsbcount\">24<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fmccarthy-says-no-debt-ceiling-deal-yet-despite-improved-tone-after-tensions%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1935847&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><h2>Debt Ceiling Deal Still Elusive 10 Days Before X-Date<\/h2>\n<p>House Speaker Kevin McCarthy (R-CA) and President Joe Biden have yet to reach a <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/we-have-to-de-weaponize-manchin-chides-schumer-for-hammering-republicans-after-debt-ceiling-vote\/\" title=\"\u2018We Have To De-Weaponize\u2019: Manchin Chides Schumer For Hammering Republicans After Debt Ceiling Vote\"><a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/even-with-full-control-of-government-democrats-massive-wish-list-is-stalling\/\" title=\"Even With Full Control Of Government, Democrats\u2019 Massive Wish List Is Stalling\">debt ceiling<\/a> deal<\/a>, with only 10 days left before the Treasury Department predicts the country could default on its loans. Despite a productive 90-minute meeting at the White House, the two leaders have yet to agree on passing a bill raising the debt ceiling without spending cuts, increasing taxes, and tinkering with the Pentagon&#8217;s budget. Treasury Secretary Janet Yellen updated her &#8220;X-date&#8221; projection, when the federal government can no longer pay its already accrued bills, from &#8220;likely&#8221; to &#8220;highly likely&#8221; as early as June 1. Both men remain confident about the prospect of a <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/mccarthy-says-no-debt-ceiling-deal-yet-despite-improved-tone-after-tensions\/\" title=\"McCarthy reports no debt ceiling agreement yet, despite improved atmosphere following tensions.\">bipartisan debt ceiling deal<\/a>, with McCarthy stating that the tone of Monday&#8217;s meeting &#8220;was better than any other time we&#8217;ve had discussions&#8221; despite &#8220;philosophical differences.&#8221;<\/p>\n<h3>Productive Meeting<\/h3>\n<p>McCarthy told reporters that the discussion was productive, and the staffs will continue to get back together. Biden described it as a &#8220;productive meeting&#8221; in a statement afterward. &#8220;We reiterated once again that default is off the table and the only way to move forward is in good faith toward a bipartisan agreement,&#8221; he said.<\/p>\n<h3>Agreement Needed This Week<\/h3>\n<p>McCarthy dismissed concerns he could face a speakership challenge over a bipartisan debt ceiling deal, instead underscoring the importance of reaching an agreement &#8220;this week to be able to pass it and move it to the Senate&#8221; but noted &#8220;nothing&#8217;s agreed to&#8221; yet. &#8220;If you come to an agreement, it takes time to write it,&#8221; the speaker said. &#8220;In the House, we changed the rules so we make sure you get 72 hours so everybody can read it. Then you pass it in the House and you send it to the Senate. I think the Senate could probably act faster than I thought in the past, but we&#8217;re going to need a couple of days.&#8221;<\/p>\n<h3>Areas of Disagreement<\/h3>\n<p>McCarthy said that despite &#8220;philosophical differences,&#8221; both men agreed on the areas of disagreement and want to come to an agreement. &#8220;We\u2019re pretty well divided in the House, almost down the middle, and it\u2019s not that different in the Senate, so we\u2019ve got to get something we can sell to both sides,&#8221; Biden added earlier in the Oval Office.<\/p>\n<h3>X-Date Projection<\/h3>\n<p>Treasury Secretary Janet Yellen updated her &#8220;X-date&#8221; projection, when the federal government can no longer pay its already accrued bills, from &#8220;likely&#8221; to &#8220;highly likely&#8221; as early as June 1.<\/p>\n<h3>Conclusion<\/h3>\n<p>With only 10 days left before the Treasury Department predicts the country could default on its loans, House Speaker Kevin McCarthy (R-CA) and President Joe Biden have yet to reach a debt ceiling deal. Despite a productive 90-minute meeting at the White House, the two leaders have yet to agree on passing a bill raising the debt ceiling without spending cuts, increasing taxes, and tinkering with the Pentagon&#8217;s budget. Both men remain confident about the prospect of a bipartisan debt ceiling deal, with McCarthy stating that the tone of Monday&#8217;s meeting &#8220;was better than any other time we&#8217;ve had discussions&#8221; despite &#8220;philosophical differences.&#8221;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>With only 10 days left before the Treasury Department predicts a possible default on loans, House Speaker Kevin McCarthy (R-CA) and President Joe Biden have yet to reach a debt ceiling agreement. McCarthy stated that while they have not reached an agreement, the discussion was productive during a press conference at the White House on Monday.<\/p>\n","protected":false},"author":1,"featured_media":1935848,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[538],"tags":[5877,14450,10142,5487,10396,3663,4564,9085,11894],"class_list":["post-1935847","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-washington-examiner","tag-agreement","tag-atmosphere","tag-ceiling","tag-debt","tag-improved","tag-mccarthy","tag-reports","tag-tensions","tag-yet"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1935847","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1935847"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1935847\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1935848"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1935847"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1935847"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1935847"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}